Canara Bank launches loans for healthcare, savings accounts for women

Canara Financial institution on Wednesday launched healthcare targeted mortgage product Canara Heal, which can meet the shortfall in hospitalization expenditure whereas settling by way of TPA healthcare insurance coverage claims of self and/or dependents.

The Bengaluru-based public sector financial institution additionally launched a personalized financial savings account for girls – Canara Angel – with distinctive options like Most cancers Care coverage, pre-approved private mortgage Canara ReadyCash and an On-line Mortgage towards time period deposit product Canara MyMoney.

Canara financial institution exchanged Memorandums of Understanding (MoUs) with each MediAssist Healthcare Providers Ltd and Bajaj Allianz Normal Insurance coverage Firm Ltd. on the launch occasion, “marking a big step in the direction of enhancing healthcare accessibility and affordability for its prospects by way of its Canara Heal product.”

The occasion additionally marked the revealing of ‘Canara UPI 123PAY ASI’, a user-friendly fee interface, and ‘Canara HRMS Cellular App for Workers’, an HR administration answer for the financial institution’s workers.

Rajesh Bansal, CEO of the Reserve Financial institution Innovation Hub launched a Digital SHG initiative named Canara SHG e-MONEY on the occasion, making Canara Financial institution the primary Financial institution to supply seamless doorstep Digital providers to SHGs in collaboration with RBIH. Bansal additionally exchanged a White paper on Digital SHG with Okay Satyanarayana Raju, MD & CEO Canara financial institution. Digital SHG will assist the purchasers to get immediate digital credit score of their accounts, in response to a press release by the corporate.